NZ's Finance Minister Robertson: no desire to have NZD included in the RBNZ review
|NZ's Finance Minister Robertson has been crossing the wires.
Key statements:
- RBNZ's spencer re-sign policy target pact
- Announces 2-phase review of RBNZ mandate
- Phase-1 to focus on employment, committee
- Phase-1 to review whether board role needs to change
- Says govt committed to price stability framework
- Confirms RBNZ review to include maximising employment as goal
- Says a bill on the policy elements of the RBNZ review will be introduced as soon as possible in 2018
- Aims to publish minutes of RBNZ policy meetings
- No desire to have nz$ included in the RBNZ review
- Will not have a specific number for the RBNZ employment target
- Says to retain the 1-3 pct inflation target for RBNZ
- The review should not have a dramatic impact on RBNZ policy in near term
- Says in some circumstances, RBNZ changes could lead to lower rates than otherwise
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